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20100201
20100201
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CNBC 4
WJLA (ABC) 1
WMPT (PBS) 1
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
CNBC
Feb 1, 2010 6:00am EST
, you have three big concerns. bernanke's confirmation, slowing china growth and obama slapping the banks around in the aftermath of the massachusetts miracle. i think investors have really focused upon those things and have used those skuexcuses to t profit. >> you don't seem to think things are over. we're due for a pullback and maybe the bull market continues? >> you look at fourth quarter earnings right now and i guess we're about halfway through the season. two-thirds of the company have beaten on revenues. you have consensus earnings for s&p that have now moved up to $76 a share. that puts multiple of a 14 times forward earnings. you have core inflation below 2% year over year. 3.6% treasury yield. multiples are too low. you'll see more corporate earnings improvements and stocks will go higher. >> massachusetts miracle? massachusetts disaster maybe. massachusetts tragedy maybe. >> depends on your point of view. >> i guess it does. i want to get that other side in. >> why are you looking at me? phil is the guest. >> i'm sorry. >> jay, what do you think of that scenario? thi
PBS
Feb 1, 2010 12:00pm EST
to find someone except in some secondary posts who are true agents of change. tavis: is ben bernanke the man to run the fed? >> i don't think so. you need to clean house broadly. you need to take a reexaminatio of what's happening and really, i think, for another reason and poorpersonperson, these are pp well-meaning people. you need to clean house. you need to start again. what happens is it's like pz anything. if you start cooking something  and you're halfway through the  recipe and you realize that you forgot to put butter in the batter in the beginning and you keep going, it won't work. you have to start again. one little ingredient can spoil the whole thing. tavis: given the chorus is growing louder and louder every day that the money people are the wrong people, i'm sure they're fine people, but given the chorus is growing louder and louder, it's almost to the point of being deafening now, many people think these are the wrong people, how long do you project or think it will be before the president gets the fact that somebody, bernanke, geithner, summers, someone has
CNBC
Jan 31, 2010 7:30pm EST
for the world economy if they do. >> what about the drama around ben bernanke. he was confirmed for a second term in the senate as chairman of the federal reserve. was it justified? is that deserved? separate three, fed kept interest rates unchanged. any surprises? >> well, it would have been pretty scary if they hadn't confirmed him. i mean, what it would say is congress wants to run the fed. there are other good candidates but ben has done a great job the last year especially, and it just wouldn't have been good for congress or for the institution if he wasn't. >> laura? >> i agree completely. this has been tied up with discussions that many members of congress have about really trying to weaken or take power away from the fed. >> are you concerned about the independence of the fed? >> i am. i am absolutely. >> why? tell me. >> congress got a look at what it can do. congress knew it could set interest rates but oh, my gosh they can print a couple trillion dollars of debt. they can buy consumer loans. we don't want someone to have that kind of power. so it makes them want to get in on that
CNBC
Feb 1, 2010 4:00pm EST
chairman bernanke's confirmation was in doubt. all of a sudden they dialed it back. this budget is part of that dialing back. >> let's talk about that, andrew. the financial responsibility fee, better known as the bank tax, is in the budget. what kind of details are in it? because jaret says the language has been pared down quite a bit. >> people were selling into any financial strength across the board. you have volcker testifying tomorrow. although jaret brings up good points, the reality of this is that the risk is not in the budget. the risk is with the next announcement from volcker. or the treasury department and bank of america signing on to this second lien modification program which they did last week. that's where the real worry of wall street is. and you saw energy hold up today. you saw health care sell off for about an hour after the budget came out. and then it recovered to about flat as i was leaving the office. but across the board today, long and short, i mean, we were seeing sellers of financial stocks into strength. >> what about, andrew, when you look at the other ta
CNBC
Feb 1, 2010 12:00pm EST
bush, ben bernanke, tim geithner to get the record out. this is news in and of itself, michelle, beyond the details you point out. his first-person account goes into the record and it's going to be essential to figure out where did we go wrong and how do we fix it? amazing to me the number of things that aren't fixed yet. >> final thought to you? >> i agree with steve. it was remarkable book. it helps the history exicle record. i call it pg version. he said the british screwed us. in my book he uses a colorful phrase. >> andrew, thank you. steve, thank you. the word on the street goldman sachs' ceo lloyd blankfein could collect a bonus up to $100 million according to the report in the times of london. goldman sachs roundly distribpu the rumor saying there's speculation and there's stupidity. this speculation transcends the stupid and takes it to a new level. i would call that -- that would be your denial-denial. >> that would be a strong denial. goldman sachs shares gaining 90% for a year and about 4% higher right now. the goldman sachs folks knocked this story down. it is only in the t
Search Results 0 to 5 of about 6 (some duplicates have been removed)